The Fannie Mae portion of the MSR sale is expected to close sometime in the third quarter.

Bids are due June 27. Delinquencies total just 0.3 percent of the entire package.

The market for mortgage mergers and acquisitions is beginning to heat up with talk about who’s in – and who might be out. According to investment banking officials speaking under the condition they not be identified, Caliber Home Loans and Flagstar Bancorp continue to make their intentions known as buyers. “Caliber is looking to make a big splash,” noted one advisor who said he’s been contacted by the privately held lender. “And they have money behind them too.” That “money” would be...

The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…

Over the past five years, realty firms and lenders have been careful about joint ventures and other ownership ties…

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.

With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation.

Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...

Houlihan Lokey was PCM’s advisor on the sale.

We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...